Freetrade atinge pragul de rentabilitate: EBITDA de 100,000 de lire sterline pe fondul recuperării pierderilor de 8.3 milioane de lire sterline

Freetrade atinge pragul de rentabilitate: EBITDA de 100,000 de lire sterline pe fondul recuperării pierderilor de 8.3 milioane de lire sterline

Marca temporală: 15 aprilie 2024 8:00
Freetrade Achieves Breakeven: £100,000 EBITDA amid £8.3 Million Loss Recovery PlatoBlockchain Data Intelligence. Vertical Search. Ai.

British stock trading app Freetrade has disclosed that it
achieved breakeven earlier this year, marking its inaugural move into
profitability following full-year losses in 2023.

According to unaudited financial statements provided to
CNBC, Freetrade reported adjusted earnings before interest, tax, depreciation,
and amortization (EBITDA) of £100,000 ($124,863) in the first quarter of 2024.
Preliminary figures show revenue hitting £6.7 million during the same period.

Despite this, Freetrade faced a loss of £8.3 million in
2023, an improvement from the £28.8 million loss recorded the previous year.
The company’s revenues climbed to £21.6 million in 2023, marking a 45% increase
de la 2022.

Adam Dodds, CEO and Founder of Freetrade, Source: LinkedIn

Freetrade experienced a 65% reduction in its valuation
during its latest equity Crowdfunding round on Crowdcube in 2023, attributing
the decline to a “different market environment” characterized by
higher interest rates and inflation.

“We defied difficult market conditions and delivered healthy
growth in 2023 while dramatically reducing losses in 2022,” said Adam Dodds,
the CEO and Founder of Freetrade. “Importantly for our crowdfunding investors, we
laid out a clear path towards breakeven during our last fundraise.”

Competition Intensifies as Robinhood Re-enters UK Market

În primul trimestru al anului 2024, Comert liber saw net inflows totalling
£130 million, driven by increased retail investor activity amid resurgent
markets. Additionally, assets under administration reached £1.8 billion during
aceeasi perioada.

Freetrade, often dubbed as Britain’s answer to Robinhood,
faces competition from the US-based stock platformă de tranzacționare . Robinhood recently
relaunched in the UK in March, marking its third attempt to establish a
foothold in the European market. Despite this competition, Freetrade’s CEO
expressed optimism, stating: “more choice and competition are good for
retail customers.”

British stock trading app Freetrade has disclosed that it
achieved breakeven earlier this year, marking its inaugural move into
profitability following full-year losses in 2023.

According to unaudited financial statements provided to
CNBC, Freetrade reported adjusted earnings before interest, tax, depreciation,
and amortization (EBITDA) of £100,000 ($124,863) in the first quarter of 2024.
Preliminary figures show revenue hitting £6.7 million during the same period.

Despite this, Freetrade faced a loss of £8.3 million in
2023, an improvement from the £28.8 million loss recorded the previous year.
The company’s revenues climbed to £21.6 million in 2023, marking a 45% increase
de la 2022.

Adam Dodds, CEO and Founder of Freetrade, Source: LinkedIn

Freetrade experienced a 65% reduction in its valuation
during its latest equity Crowdfunding round on Crowdcube in 2023, attributing
the decline to a “different market environment” characterized by
higher interest rates and inflation.

“We defied difficult market conditions and delivered healthy
growth in 2023 while dramatically reducing losses in 2022,” said Adam Dodds,
the CEO and Founder of Freetrade. “Importantly for our crowdfunding investors, we
laid out a clear path towards breakeven during our last fundraise.”

Competition Intensifies as Robinhood Re-enters UK Market

În primul trimestru al anului 2024, Comert liber saw net inflows totalling
£130 million, driven by increased retail investor activity amid resurgent
markets. Additionally, assets under administration reached £1.8 billion during
aceeasi perioada.

Freetrade, often dubbed as Britain’s answer to Robinhood,
faces competition from the US-based stock platformă de tranzacționare . Robinhood recently
relaunched in the UK in March, marking its third attempt to establish a
foothold in the European market. Despite this competition, Freetrade’s CEO
expressed optimism, stating: “more choice and competition are good for
retail customers.”

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